In a three page interview, the premier answered questions regarding the economic situation in Greece noting that the euro-zone has reached a tipping point which will bring it before an “historic reflection period.”
In the case of Greece, the international community did not react in a timely manner, it did not admit that the currency was under attack, and “there was the same fear as when a buffalo leaves the herd.”
Today, the country’s austerity plan is on the right track, but it is not enough if it is to be left without European support. For Papandreou, the support is necessary for all members so to act as deterrent of speculation. “Spain and Portugal were not in a bad situation yet they fell victims of the ambient hysteria.”
In related news, in an interview with Al Jazeera’s Barnaby Phillips on May 20 in Athens, Papandreou said that Greece will eventually emerge from the crisis with a more viable economy, determined to say “never again.”
(GREEK NEWS AGENDA)